Joseph M. Manko Jr. - Jun 30, 2023 Form 4 Insider Report for SAFEGUARD SCIENTIFICS INC (SFE)

Role: Director
Signature: /s/ Joseph M. Manko Jr.
Stock symbol: SFE
Transactions as of: Jun 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/5/2023, 04:16 PM
Previous filing: Apr 19, 2023
Next filing: Jul 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SFE	Common Stock, $0.10 par value	Award	$0	+44.5K	+41.89%	$0.00	151K	Jun 30, 2023	Direct
holding	SFE	Common Stock, $0.10 par value						177K	Jun 30, 2023	Horton Capital Partners Fund, LP	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Securities owned directly by Horton Capital Partners Fund, LP ("HCPF"). The Reporting Person, solely by virtue of his position as the managing member of Horton Capital Management, LLC ("HCM"), which serves as the investment manager of HCPF, and as the managing member of Horton Capital Partners, LLC, which serves as the general partner of HCPF, may be deemed to beneficially own the securities directly held by HCPF for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Content

Securities owned directly by Horton Capital Partners Fund, LP ("HCPF"). The Reporting Person, solely by virtue of his position as the managing member of Horton Capital Management, LLC ("HCM"), which serves as the investment manager of HCPF, and as the managing member of Horton Capital Partners, LLC, which serves as the general partner of HCPF, may be deemed to beneficially own the securities directly held by HCPF for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.